$120,000
SOLD JUN 2, 2026
-- Bed
-- Bath
7,641 Sq Ft
5,001 Sq Ft Lot

Sale Details

Date Sold: June 2, 2026

$16 Per Sq Ft

47% Below List Price

63 Days on Market

About This Home

As of June 2026

High-upside investment opportunity in this 9-unit multifamily building at 881 Eddy Rd, minutes from University Circle, major medical campuses, and downtown Cleveland. With seven large 1-bedroom units and two 2-bedroom units, the property offers an attractive unit mix positioned for strong rental demand in one of Cleveland’s fastest-growing areas. The building needs full renovation, making it an ideal value-add project with significant room to increase rents, improve NOI, and boost long-term equity. With strategic upgrades and smart repositioning, this asset has the potential to deliver standout returns and durable cash flow. Also see listing #5189113 under commercial apartment.

Last Agent to Sell the Property

David Sturgeon

Howard Hanna Brokerage Email: davidsturgeon@howardhanna.com, 216-375-4486 License #2009000358 Listed on: 03/06/2026

Howard Hanna

Last Buyer's Agent

Robert Ross

Russell Real Estate Services License #2020008275

Russell Real Estate Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 5,001 Sq Ft Lot
  • Chain Link Fence

Home Design

  • Quadruplex
  • Fixer Upper
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 7,641 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Partial Basement

Parking

  • Driveway
  • Paved Parking
  • On-Street Parking

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas

Community Details

  • Forest Hill Pkwy Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for sewer, trash collection, water
  • Assessor Parcel Number 110-11-050

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

5,001 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Quadruplex
  • Year Built: 1925
  • Attribution Contact: davidsturgeon@howardhanna.com, 216-375-4486
  • Subdivision Name: Forest Hill Pkwy
  • Above Grade Finished Sq Ft: 7641.0
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Reso Property Condition: Fixer
  • Tax Year: 2025
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Partial, Unfinished
  • Basement: Yes
  • Stories: 3
  • Stories: 3

Exterior Features

  • Roof: Flat
  • Fencing: Chain Link
  • Acres: 0.1148
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Brick

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Paved, On Street

Utilities

  • Cooling: None
  • Cooling Y N: No
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Cleveland Municipal - 1809

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 110-11-050

Rental Info

  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas

Tax Info

  • Tax Annual Amount: 10706.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/02/2026 06/02/26 Sold $120,000 -39.7% $16 / Sq Ft
05/08/2026 05/08/26 Pending -- -- --
03/25/2026 03/25/26 Price Changed $199,000 -11.6% $26 / Sq Ft
03/06/2026 03/06/26 For Sale $225,000 -- $29 / Sq Ft
Source: MLS Now (Howard Hanna)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $10,724 $103,495 $1,750 $101,745
2024 $10,682 $103,495 $1,750 $101,745
2023 $13,092 $94,680 $1,960 $92,720
2022 $7,628 $76,475 $1,960 $74,515
2021 $7,650 $76,480 $1,960 $74,520
2020 $3,740 $35,980 $1,750 $34,230
2019 $3,521 $102,800 $5,000 $97,800
2018 $3,362 $35,980 $1,750 $34,230
2017 $3,282 $32,310 $4,940 $27,370
2016 $3,283 $32,310 $4,940 $27,370
2015 $3,476 $32,310 $4,940 $27,370
2014 $3,476 $34,370 $5,250 $29,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Now (Howard Hanna)

MLS Number: 5191564

MLS Now (Howard Hanna)
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